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20121212
20121212
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CSPAN
Dec 12, 2012 5:00pm EST
for war or peace in this will. t while visiting indonesia,, i thailand, and the philippines ir octoberem i was reminded of thet economic vitality of southeast h asia and the fact that the ten countries comprising. [indiscernible] represent now the fourth larges. export market of the united states. these countries are center stag. to the circumstances with chinaa we must stand firm with our friends throughout asia and actively pursue prospects for a free trade and open sea lanes and other policies that will strengthen american economic fac growth t.lobal more broadly, we face the, specter of global resource constraints, especially deficiencies of energy and food that can stimulate conflict and deepen poverty. made we have made gains in domestic energy production. dep we remain highly vulnerable still our dependency on oil and equally important, even if we are able to produce more energy and home, we cannot isolate to e ourselves from energy drivenave shocks to the global economy. in other words, we have to cooperate with other nations ing improving the global system of manufacturing and mov
CSPAN
Dec 11, 2012 8:00pm EST
. the central bank in the philippines had a huge negative equity. the central bank can go on without necessarily having a positive equity. they have all sorts of tools they can theoretically use other than having to unwind their balance sheet. they can increase reserve ratio, the interest rates they pay on excess reserves, and so on. they have a lot of control. that makes me less worried about the fed's balance sheet. not that i approve of what they are doing recently. i think they can get out of it fairly easily. >> i would add the presence of this massive fed undertaking, in almost a desperate way, gets at the underlying problem. this is not a monetary policy issue. it is a fiscal policy issue. we have a lack of leadership. the threat of the tax policy expiring all tax policy, much of which has been in place to over a decade, has been a congressionally made thing. congress refuses to work on it until now. reich lot -- likewise, they have refused to tackle the spending part, both of which get us to our debt. you have this honor lack of anything happening -- utter lack of anything happening res
Search Results 0 to 1 of about 2